For the essential businesses who have worked against the clock to get food delivered, shelves restocked, passengers transported and shopping parcels dispatched, the costs of operating their fleets during the COVID-19 pandemic have soared dramatically.
While increased workload is a major factor in rising costs, some businesses also fall easily into the ‘set-and-forget’ mentality when dealing with fleets, causing one or more parts in a vehicle’s life cycle to fall short and drive up maintenance costs overtime.
Managing costs is vital to sustainable growth. Businesses must understand it as an incremental process, a journey of concurrently fixing areas that are burning cash and investing in those that are truly cost-effective.
Webfleets’ experts and industry leaders will be taking a deep-dive into the different ways that businesses can reduce transport costs and improve the day-to-day management of their fleets in an exclusive webinar on 27th September, 10AM (AEST).
To attend the free webinar and gain valuable industry insight and advice, simply register here.
In the meantime, here are a few areas that business should be reviewing:
Safe, ethical and fuel-efficient driving
Improving driver behaviour and safety on the road is an obvious area, but also one that is hard to monitor without a telematics software system.
Bad driving habits, such as harsh braking, idling and speeding, are often the biggest culprits for traffic violations and costly accidents.
Not to mention the additional pressure they put on fuel consumption and expenses on a day-to-day basis, which can end up being thousands of dollars per year.
Vehicle tracking and big data
A data-driven approach is the key to full transparency and control over a business’s financial situation.
In-vehicle telematics systems generate a bank of data that can be referenced and analysed anytime to gain empirical insights into fleets.
The technology can, for instance, monitor individual driving situations, providing direct feedback and predictive driving advice to drivers. It can also retrieve information from the fuel gauge, then generate real-time and historical insights into a fleet’s fuel consumption and carbon emission.
Optimise replacement cycles
Proper fleet optimisation can maximise each vehicle’s utilisation and reduce lifestyle cost during their optimum economic life.
Once again, telematics data plays a key role in transparency of the fleet’s condition. From fuel usage and mileage through to tire condition and planned repair, businesses can spot and diagnose problems at an early stage before they stack up into excessive maintenance costs.
Keen to understand how your fleet can benefit from a cost-driven approach? Hear from our experts at Webfleet Solutions and vWork at this free webinar on September 27th, to learn more.